Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022.
-Annual interest paid

Question

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022. 
-Annual interest paid

Quizplus · Accepted Answer

The value we are looking for is the annual interest paid on Solar Energy (SNG) bonds maturing in 2022. According to the bond table, the coupon rate for SNG bonds maturing in 2022 is 5.75%. This means that for each $1000 face value bond, the annual interest paid would be $57.50 (5.75% of $1000). Therefore, the correct answer is C) $57.50.

Use the Given Bond Table to Find the Requested Value